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New(?) FSA regulations on incentives
Sausage_Roll
Posts: 609 Forumite
Latest News: Due to FSA regulations, we will not be offering cashback for insurance products.
We've also taken the decision to remove gambling and gaming cashback.
We hope this will be a temporary measure, and will inform you on the return of cashback for these merchants.
All other merchant types and any existing cashback from these merchants will not be affected.
Edit: taken from the Top Cash Back website.
Has anyone heard of these new regulations?
Quite a lot of the insurance companies were offering over £70 for signing up, I think the latest was £120 from Lloyds.
Please don't pm me asking to eat me because you are hungry.:mad:
I am NOT a sausage roll.
I am NOT a sausage roll.
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Comments
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New regs came in 2005 - Lloyds have had it on their affiliate page from day 1 that you shouldnt provide promotion to people for clicking the link.... likes of Quidco have simply been deciding to run the risk of being thrown in prison for not be FSA authorisedAll posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
No Advertising or Links in Signatures by Site Rules - MSE Forum Team 20 -
I think the FSA rules just mean you can't recommend a particular product or say it's suitable for someone. If you just provide the link, then that's not going to be a problem. If you say "This insurance is the best on the market" then maybe you could find yourself in hot water!Amazon sellers club - member number 63.
January challange - sell 10 items. 0 down, 10 to go!0 -
It is financial promotion.... if you look at the terms and conditions they say u shouldnt use their promotion for cashback otherwise risk prosecution unless you are FSA authorisedAll posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
No Advertising or Links in Signatures by Site Rules - MSE Forum Team 20
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